Prioritizing Operational Resiliency To Reduce Downtime In Payments
IBM News, Monday, June 3rd, 2024
The average lost business cost following a data breach was USD 1.3 million in 2023, according to IBM's Cost of a Data Breach report. With the rapid emergence of real-time payments, any downtime in payments connectivity can be a significant threat. This downtime can harm a business's reputation, as well as the global financial ecosystem.
For this reason, it's paramount that financial enterprises support their resiliency needs by adopting a robust infrastructure that is integrated across multiple environments, including the cloud, on prem and at the edge.
Resiliency helps financial institutions build customer and regulator confidence
Retaining customers is crucial to any business strategy, and maintaining customer trust is key to a financial institution's success. We believe enterprises that prioritize resilience demonstrate their commitment to providing their consumers with a seamless experience in the event of disruption.